Koala, which isn’t backed by a large insurance broker or carrier, has so far gathered a capital pool of about $450,000 for its Koala Flex product, which allows travelers to cancel their trip at the click of a button and get their money back. Doing so requires the capacity to provide a lot of refunds if necessary, explained Koala Insurance CEO Ugo Weyl, adding that risk-averse insurance and reinsurance firms tend to shy away from this type of innovation.
Related posts
-
How Memes and Gamification Are Changing Finance As We Know It
All that is happening — both in traditional and crypto finance — speaks to something emergent... -
Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap
Raoul Pal, the co-founder and Chief Executive Officer (CEO) of Real Vision Group, has predicted that... -
Intimidating Wallet Interfaces Hinder Adoption of Defi Lending Protocols, Says Crypto Veteran
Decentralized finance (defi) has improved efficiency, inclusivity, and performance...